Fieldview Capital Management LLC Takes Position in Kinder Morgan, Inc. $KMI

Fieldview Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, HoldingsChannel reports. The firm bought 54,771 shares of the pipeline company’s stock, valued at approximately $1,551,000.

Several other hedge funds also recently added to or reduced their stakes in KMI. Davis Capital Management purchased a new stake in Kinder Morgan during the 3rd quarter worth approximately $1,426,000. Providence Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the third quarter worth $2,674,000. Meixler Investment Management Ltd. purchased a new position in shares of Kinder Morgan in the third quarter worth $1,882,000. Vise Technologies Inc. acquired a new stake in shares of Kinder Morgan during the second quarter worth $1,713,000. Finally, HighTower Advisors LLC grew its holdings in shares of Kinder Morgan by 3.9% during the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after buying an additional 46,396 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Stifel Nicolaus raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. TD Cowen lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.08.

Kinder Morgan Price Performance

NYSE:KMI opened at $33.30 on Tuesday. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $34.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.09 and a beta of 0.68. The firm’s fifty day moving average is $30.28 and its two-hundred day moving average is $28.20.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,498 shares of company stock valued at $1,418,248 in the last ninety days. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.